Savoy sales and profits drop nearly 3%
The Savoy hotel in London saw sales and profits plummet last year by almost 3% to £58.5m.
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09:45 25/04/24
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Lloyds Banking Group
51.70p
09:44 25/04/24
-0.15%
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Operating profits also fell by a quarter to £6.1m according to the company results covering the year to last December, as reported by the Sunday Times.
Katara Hospitality purchased 50% of the Savoy from Lloyds Banking Group earlier this month.
The hotel originally opened on the Strand in 1889 as London’s original luxury accommodation provider.